Power Hour #103: Breadth Breaks: Cutting Losses Into the Close – Thursday 9/10/2026

Welcome to WaveRider Power Hour, your final hour Tactical Edge. Let's dive in. Breath just felt 31 points in one session. If you're still holding weak names into this close, we need to talk right now. Okay, so one line, did the regime hold today or did it break? Look, it broke, defensive flip, reversal distribution day, percent above the 20 SMA collapsed to 27 from 58. Oh, wow. Wait, 58 to 27? In one session, yeah. That's a 31 point drop, and the 40 SMA slid to 30 from 38. Oh, man. And the bull 4% count got cut to 59 from 91. Bear 4% eased a little, 211 from 296, but the tape is bleeding. Mm-mm. I mean, so this isn't trend continuity. Not even close, it's distribution. The tide went out on the whole beach at once. Right. Right. So with breath this broken, what do we actually do in the next 60 minutes? Cut first, protect capital. Yeah. Okay, what's the cut list? B-B-O-T down 23.6%. That's a falling knife, gone. LEU at 181.52 down 3%. C-E-N-X, 47.69 down 2.4%. Right, right. And I heard you are, I got hit. Yeah, downgraded to neutral. Honestly, sector confidence is eroding, so you don't carry these overnight into contracting breath full stop. Mm-mm. Mm-mm. What are we? Holding? So basically AAPP, 314.84, up 3.2%, institutional tag on it, hold that above 314. Above 314 got it. Yeah. And ASO, up 7.05% from the open on raised guidance, hold it above that open day gain into the bell. Wait, up 7% on a day like this? On a day like this. That's swimming against the current, which is exactly why it matters. Exactly. See, that's the thing, not every red name is the... Is the same, exactly. And not every green name is real either. RE-VOL is the filter. Sure. Okay, so anything actually worth entering here? You know what? One or two, but only on confirmation. SEDG 36.05, up 2.4%, but the tell is RE-VOL at 2.9. Ooh, yeah, totally. And XOP 196.43, up 0.7, RE-VOL 2.3. Bullish reversal attempt and energy, but only add if that volume confirms. So no chasing. No chasing. Volume confirms or you sit on your hands. Right. Like, what's holding up sector-wise? Because it feels like everything. Everything's red, right? I mean, basically two rooms, only tech and utilities showing relative strength, RSPT down just 0.3, utilities at minus 2.35. And everything else? Energy and healthcare ATR contracting hard. Money isn't leaving the building, it's just huddling in two corners. Yeah. Honestly, that lines up perfectly with the bread number. It's the same story told two ways, narrow participation, defensive tape. Mm-hmm. Okay. We've made our moves into the clothes, what changes for tomorrow? Here's the thing. Watch the chip tape after the bell. AMD at 521.09, facing margin and energy cost headwinds. And Intel. Yeah, INTC 106.24 found reshare chatter. Those two set technology's tone at the open tomorrow. Give me one clean level. ASO above today's high. Cleanest bullish continuation there is. And SDG follow through over 36 confirms the energy reversal. Got it. So, and the number that decides every... Everything? Yeah, 27%. Percent above the 20 SMA has to hold above it. Right. And if it closes under... Under again? Honestly, then the selling pressure isn't done. 27 is the line in the sand. Cross under it and today's damage keeps going. So, that's the whole tell. That's the whole tell. Cut the knives, hold the confirmed. Let 27 decide if you add risk. Exactly. Perfect. So, here it is tonight. Breath collapse 31 points to 27. Cut what's bleeding, hold what's confirmed. Like AAP and ASO. And watch that 27% line at the open. That's the game. Cut what's bleeding, hold what's confirmed, watch 27%. That's it tonight. See you at the bell tomorrow. That's all for today's episode of Wave Rider Power Hour. Your final hour, Tactical Edge. See you next time.